Commenting on the report, an analyst from Technavios team said: The emergence of IaaS and on demand cloud providers such as Amazon Web Services has led to new virtualization strategies that most enterprises are quickly adopting to eliminate infrastructure limitations. The evolution of IaaS and SaaS has provided ample opportunity for smaller enterprises and startups to explore and deploy their ideas with greater agility while staying within their budgets.

According to the report, the BFSI sector faces significant challenges due to constant changes in compliance requirements and the adoption of advanced technologies such as cloud and mobile based services. Cloud IAM solutions help companies in the BFSI sector meet criteria related to security, access and password management, provisioning and de provisioning, compliance, and governance.

Further, the report states that the market is facing challenges such as lack of awareness regarding cloud computing solutions, storage services, and security issues.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors in the report global it security...